Showing 1 - 10 of 1,058
Static and dynamic games are important tools for the analysis of strategic interactions among economic agents and have found many applications in economics. In many games, equilibria can be described as solutions of polynomial equations. In this paper, we describe state-of-the-art techniques for...
Persistent link: https://www.econbiz.de/10011756833
Persistent link: https://www.econbiz.de/10001416725
We analyze dynamic price competition in a homogeneous goods duopoly, where consumers exchange information via word-of-mouth communication. A fraction of consumers, who do not learn any new information, remain locked-in at their previous supplier in each period. We analyze Markov perfect...
Persistent link: https://www.econbiz.de/10010338373
Persistent link: https://www.econbiz.de/10010476844
Persistent link: https://www.econbiz.de/10008748306
We study the feasibility and profitability of predation in a parsimonious infinite-horizon, complete information setting where an incumbent may face an entrant, in which case it needs to decide whether to accommodate or predate it. If the entrant exits, a new entrant is born with positive...
Persistent link: https://www.econbiz.de/10013284883
Persistent link: https://www.econbiz.de/10013443722
We study the feasibility and profitability of predation in a dynamic environment, using a parsimonious infinite-horizon, complete information setting in which an incumbent repeatedly faces potential entry. When a rival enters, the incumbent chooses whether to accommodate or predate it; the...
Persistent link: https://www.econbiz.de/10014556715
Persistent link: https://www.econbiz.de/10014279980
Persistent link: https://www.econbiz.de/10013270396